End of day analysis for Gold 23-05-2017

Gold price ends today's trading with strong negativity to break the key support 1254.56 and settles below it, which puts the price under the negative pressure again, and closing the daily candlestick below this level is expected to push the price to test 1229.32 areas again.

Note that breaking 1248.50 will confirm the continuation of the bearish bias in the upcoming sessions to head towards the mentioned target, while breaching 1254.56 followed by 1260.50 levels will bring the price back to its main bullish track again.